N. Hyer Ave., Orlando, FL 32803

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Awesome downtown 32803 Mills/50 flip opportunity. This 1810 sq ft block construction, mixed use property is a stone’s throw from the brand new Hillcrest Elementary currently being remodeled, the new hip Lineage coffee shop, and Lazy Moon Pizza on Colonial.  The property was previously used as a daycare but the savvy investor could easily update the floor plan to make it a 4 bedroom, 2 bath open-plan home. This 1950’s home has great bones and huge potential.

Additionally, since this is zoned mixed-use commercial, the renovation could be much simpler to turn this into the perfect attorney, CPA, financial company office. There is also a large Florida room in the back that could be added to the sq footage to make even more money.  At $159 a square foot there is plenty of spread for the experienced investor.

Single-family similar sized homes in this neighborhood go for $250 a sq foot minimum. Only 6 homes have sold cheaper than this in the past 6 months within a half radius and they were all much smaller. With various money making avenues this flip is a no-brainer in the current market. This is the worst house on a beautiful street and we all know that means money!
 
Property features include:
Block construction, beautiful tree lined street with gorgeous homes, spacious rooms, covered Florida room that could be easily added to the sq footage, lots of potential in the backyard, Lake Highland/trendy Mills 50 area.

No HOA

Assignable

Est. Flip Rehab: Full cosmetic rehab- $60-80K
ARV: $450k -500k

Est. Office/Commercial Use Rehab: $20-30K
ARV: $400k

Recent Area Sales / Activity:

• 645 E Concord St – 3/2, 1266 SF – Active for $315k
• 815 E Concord St – 2/1, 1440 SF – Active for $364,995
• 821 E Concord St – 4/3, 3133 SF – Active for $615k
• 638 Woodward St – 3/1.5, 1316 SF – Sold for $307.5k
• 806 E Harwood St – 2/1, 1148 SF – Sold for $315k
• 803 E Amelia St – 3/2, 1680 SF – Sold for $369k
• 716 Mount Vernon St – 3/1, 1362 SF – Sold for $410k
• 514 N Summerlin Ave – 3/2.5, 1934 SF – Sold for $469k
• 635 E Amelia St – 4/3, 2796 SF – Sold for $675k